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Ticker Summary (M)

20.87+0.16 (+0.77%)
Open 21.07
High 21.32
Low 20.76
Volume 7,508,428
Market Cap 8.811B
52 Week High 25.25
52 Week Low 14.75
P/E 14.80
F P/E 9.50
EPS 1.41
Dividend 0.20
Yield 0.97%
1 Year Target 26.14

M 20.87 +0.77%

Macy's announced Friday that it plans on closing nine stores across Indiana, Ohio, Louisiana, Oklahoma, Utah, and Texas. Macy's reported that 899 employees affected by the closing would be offered jobs at nearby stores where possible. Macy's stated that the plan is to close stores with declining sales in areas with lower growth opportunities. Macy's still plans on opening five new stores in 2008.

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3 years 307 days ago by Tim

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